BOISE, Idaho, Sept. 7, 2011 (GLOBE NEWSWIRE) -- Alternate Energy Holdings, Inc. (Pink Sheets:AEHI) (www.aehipower.com) today provided a business update in conjunction with the recent filing of the company's quarterly10-Q report.
Some of the business updates include:
- A final rezone approval in Payette County, Idaho for a proposed nuclear power plant. The site was changed from agricultural to industrial specifically for a nuclear power plant.
- A contract signed with ENERCON, one of the country's premiere nuclear engineering firms, to process AEHI's Combined Construction and Operating License Application (COLA) with the U.S. Nuclear Regulatory Commission.
- Energy Neutral sold three homes and another home is currently under contract for sale.
- Green World Water traveled to Algeria to meet with the Minister of Water and the Minister of Finance and Industry as part of the US-Algeria Business Council regarding a desalinization reactor. The AEHI subsidiary then followed up with a visit to Washington, D.C. to discuss potential desal-reactor development in Algeria, along with representatives from Qatar and Saudi Arabia.
"We are moving forward and I would like to think we are proving that point with every benchmark we surpass. We have set a variety of goals for ourselves and those goals include increasing AEHI's visibility on a world-wide basis, which I believe will play a tremendous role in our future success," said Don Gillispie, AEHI CEO.
About Alternate Energy Holdings, Inc. (http://www.aehipower.com) -- Alternate Energy Holdings develops and markets innovative carbon-free energy sources. The company is the nation's only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states; Idaho Energy Complex is the lead project. Other business units include Energy Neutral(R), which reduces energy demands for homes and businesses (http://www.energyneutralinc.com) and Green World Water(TM), which assists developing countries with nuclear reactors for production of potable water, power generation and other suitable applications (http://www.greenworld-h2o.com).
The Alternate Energy Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8058
Safe Harbor Statement: Statements in this press release which are not purely historical, including statements regarding Alternative Energy Holdings', intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. As such, they are subject to risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements. Risks include possible delays of the COLA process, denial of COLA application and insufficient capital to pay costs and expenses incurred during the COLA. You should also carefully review the reports that we file with the SEC. We assume no obligation, and do not intend, to update these forward-looking statements, except as required by law.